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Stavroula E. Lambrakopoulos

Partner
+1.202.778.9248
Fax +1.202.778.9100

Ms. Lambrakopoulos concentrates her practice in securities enforcement matters, securities and financial services litigation, internal investigations and broker-dealer regulation. As a partner in K&L Gates’ Government Enforcement practice group, she regularly represents corporate and individual clients in enforcement proceedings before the Securities and Exchange Commission, the Department of Justice, FINRA, and state securities regulators. She regularly represents financial institutions, corporations, and their officers in complex financial services cases and securities class action litigation before federal and state courts at the trial and appellate level, including first-chairing jury and bench trials, and defends FINRA securities arbitrations. Her clients include banks and other financial institutions, broker-dealers, investment advisers, hedge funds, trust companies, colleges and universities, and their directors, officers and employees.

Ms. Lambrakopoulos also served for ten years in various senior-level positions on Capitol Hill and in state government, concentrating on federal and state legislative initiatives and lobbying in the areas of energy, environment, health care and appropriations.

Representative Work and Accomplishments:

  • Won summary judgment in the U.S. District Court for the Northern District of Georgia on behalf of hedge fund investment adviser and managers on claims brought by the SEC under the anti-fraud provisions of the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 relating to valuation of the fund’s portfolio and alleged misrepresentations in stock purchase agreement.
  • Represent hedge funds and their investment advisers in investigations by SEC Asset Management Unit on a variety of issues including allegations of insider trading, improper valuation of portfolios, cherry-picking of trade allocations, breaches of fiduciary duties, conflicts of interest, and in issues arising out of participation in PIPEs investments.
  • Defend public companies, officers, broker-dealers, investment advisers, and investment companies in SEC enforcement investigations relating to: allegations of securities fraud; market manipulation; revenue recognition and accounting practices; failure to supervise issues; market timing of mutual funds; and insider trading. A number of these investigations resolved with no enforcement action by the SEC.
  • Defended large financial institution in SEC high-yield bond investigation of its investment banking and retail divisions succeeding in no enforcement action being brought by SEC.
  • Represented large financial institution in mortgage-related litigation before the U.S. District Court for the District of Maryland, prevailing in dismissing majority of claims.
  • Led a global internal investigation on behalf of Board of Directors of affiliate of Japanese public company involving accounting and revenue reporting, internal controls and compliance with FCPA and anti-corruption policies.
  • Represented corporation and directors in putative shareholder class action before the Baltimore City Circuit Court of Maryland in connection with litigation and settlement issues.
  • Defended trial of administrative proceeding before SEC Administrative Law Judge relating to market manipulation and supervision matters.
  • Successful defense of public auditor by obtaining final court dismissal of putative securities class action in U.S. District Court for the Middle District of Florida under the Private Securities Litigation Reform Act (“PSLRA”).
  • Counsel to court-appointed Examiner in the bankruptcy proceeding of New Century Financial Corporation, concentrating on financial and accounting matters.
  • Counsel to the court-appointed Bankruptcy Examiner in his investigation of WorldCom, with lead responsibility for the investigation of WorldCom’s accounting practices and the performance of the company’s Audit Committee, internal and external auditors.
  • Represented financial institution in investor class action before Delaware Chancery and Supreme Courts. Worked to structure and oversaw implementation of class settlement involving distribution of no-load mutual fund shares and commission discounts.
  • Conducted internal investigation on corporate governance matters on behalf of Board of Trustees of university with international operations.
  • Conducted internal investigation on behalf of Audit Committee of corporation in connection with 2004 Athens Olympics.
  • Counsel to court-appointed Receivers in federal securities enforcement cases with responsibility for locating and distributing investor assets and successfully litigating clawback claims on behalf of Receivers before U.S. District Court for District of Columbia and U.S. Court of Appeals for D.C. Circuit.
  • Training securities and capital markets regulators from emerging market countries through the Financial Services Volunteer Corps, in Sofia, Bulgaria.

Professional Background

  • Partner, K&L Gates, 2004 through present
  • Associate, K&L Gates, 1995 through 2003
  • Director, Washington Office of the Governor of New Jersey
  • Legislative Director, U.S. Representative James J. Florio
  • Staff member, Energy and Commerce Subcommittee on Commerce, Consumer Protection and Competitiveness, U.S. House of Representatives
  • Law clerk, General Counsel’s Office, Ernst & Young LLP

Achievements


  • Listed in 2014 and 2015 Washington, D.C. Super Lawyers® Magazine, in Securities Litigation. Super Lawyers® “identifies the top 5 percent of attorneys in each state, as chosen by their peers and through the independent research of Law & Politics.”

Professional/Civic Activities

 
  • American Bar Association
  • Securities Industry and Financial Markets Association (“SIFMA”), Compliance and Legal Division
  • 100 Women in Hedge Funds
  • Women’s White Collar Defense Association
  • District of Columbia Bar Association
  • Maryland State Bar Association
  • Women Executives in State Government, 1990-1993

Speaking Engagements

 
  • “Navigating Conflicts of Interest to Safer Shores — A Conversation with Julie M. Riewe, Co-Chief, Asset Management Unit, SEC Division of Enforcement,” May 2015 in Washington, D.C.
  • “U.S.-Transatlantic Government Enforcement and Regulatory Action: What You Need to Know,” at “More Enforcers at Your Door” Conference for in-house counsel and compliance officers, November 2009 in London.